The text discussed how if Ford and the UAW fail to accurately forecast the inflation rate, the

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The text discussed how if Ford and the UAW fail to accurately forecast the inflation rate, the real wage will be different than the company and the union expected. Why, then, do the company and the union sign long-term contracts rather than negotiate a new contract each year?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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